Date: 2013-07-31

Mr. Shi Ruqiang Visited Zhangjiagang AAA Bearing Co.,Ltd for Developing Investment Promotion Activities

On November 5th, 2013, Mr. Shi Ruqiang, the member of Shenxian County Standing Committee and subprefect, headed a team to Zhangjiagang for developing investment promotion activities on bearing processing project.

Mr. Shi Ruqiang and his party visited Mr. Shen Zhengxian, the president of Zhangjiagang AAA Bearing Co.,Ltd, and held a forum on the cooperation of bearing and bearing ring forging project. Shi Ruqiang introduced the industrial economic development, the good development environment and the preferential investment policies in details. Shen Zhengxian said that he is fully confident in the future cooperation based on the competent leadership, excellent investment environment and appropriate project landing platform in Shenxian county.

After detailed negotiations, the two parties signed a cooperation agreement, allowing Zhangjiagang AAA Bearing Co.,Ltd and Shanxian Runda Bearing Co.,Ltd to construct the beairng and bearing ring production project with the joint invesment of RMB 60 million. It was known that the project will start in the next future.

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